Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 30 - 07:55 PM

AUD/USD - Opens Higher As Fundamental Backdrop Clearly Positive

By John Noonan  —  May 30 - 06:35 PM
  • AUD/USD opens +0.5% as weaker USD, strong equities and firm metals underpin nL1N2XM0WZnL4N2XM1H4nL1N2XM0BS

  • Sellers around 0.7200 capping for now, but momentum suggests higher

  • AUD/USD trending higher with the 5,10 & 21-day MAs in a bullish alignment

  • Resistance is at the 100-day MA at 0.7231 and 50% of 2022 move at 0.7245

  • Support is at the 10-day MA at 0.7101 and break would ease upward pressure

  • China PMI today and a weak reading could dent AUD sentiment

  • Month-end flows could result in whippy, uncorrelated price action

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!